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Dollar General, Kountze, TX

Dollar General

TX, United States

Price $1,279,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases Eveyr 5 Years in Option Periods
Year Built 2017
Building Size 9,100 SF
Lot Size 1.50 Acres (65,340 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

CORPORATE GUARANTEED, ABSOLUTE TRIPLE NET LEASE
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH SRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $20 billion
» Dollar General operates 13,000 locations in 43 states and has plans for significant future growth

STRONG CUSTOMER BASE IN IMMEDIATE AREA
» Close proximity to Wildwood Resort City, a community and vacation spot with over 600 homes, a 365-acre lake, an 18-hole golf course, and numerous amenities
» Closest major retailer to Wildwood Resort City, providing a strong customer base for Dollar General
» Near Big Thicket National Preserve, a popular destination for outdoor recreation

NEW 2017 CONSTRUCTION
» High-quality 2017 construction
» Built to Dollar General’s exact specifications, demonstrating long-term commitment to the location
» Features latest Dollar General prototype

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on U.S. Highway 69, with excellent visibility and access to 7,800 vehicles per day. U.S. Highway 69 connects to downtown Kountze and provides access to several major thoroughfares. The property enjoys immediate access to F.M. 3063, which leads to Wildwood Resort City, a community and vacation spot with over 600 homes, an 18-hole golf course, tennis and volleyball courts, campgrounds, a private landing strip, and a 365-acre lake stocked with bass and white perch. The property is the closest retailer to the community, providing a strong customer base for Dollar General.

The property is surrounded by Big Thicket National Preserve. The park is a popular destination for hiking, camping, kayaking, bird-watching, and hunting, and draws a number of visitors year-round. The headquarters for Big Thicket National Preserve, and one of the main entrances to the park, are located just over three miles from the property down U.S. Highway 69.

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